[APAC] Crypto Spotlight: Have you meet SUSHI & COMP

SUSHI and COMP are now available in the Wirex app! You can buy and exchange our latest arrivals at OTC rates.

But that’s not all! You can also earn US$5 in WXT when you buy US$ 50 worth of these two tokens via credit/debit card in the next 7 days!

Say hello to SUSHI

Meet SUSHI. It was created in 2020 by anonymous founder Chef Nomi and runs on the Ethereum blockchain. It aims to help users access the benefits of DeFi by leveraging on a community-driven platform.

What does it do?

SUSHI allows users to lock crypto assets into smart contracts. From there, traders are able to buy or sell from asset liquidity pools. It gives users the ability to trade cryptocurrencies without the need of a middleman or a central operator administrator.

Also, those who trade against a locked asset will pay a fee, which is then distributed to all liquidity providers based on their contribution.

But first, here’s what you need to know about COMP.

Say hello to COMP

Meet COMP. It was founded by Robert Leshner and Geoffrey Hayes and launched in 2018. It runs on the Ethereum blockchain and connects lenders and borrowers using a combination of smart contracts.

What does it do?

COMP has a simple platform, and users are split into lenders or borrowers.

Lenders are those who want to lend crypto and can send tokens to an Ethereum address. They can also earn interest, as it’ll be controlled by COMP.

Borrowers post crypto collateral on COMP’s platform and can borrow any cryptocurrency that is supported by COMP at a percentage of the posted value.

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Crypto Spotlight SUSHI & COMP July EEA & APAC Terms & Conditions
The following terms and conditions (“Terms”) shall apply to the Crypto Spotlight SUSHI & COMP Promotion (the “Promotion”) which is offered by Wirex Ireland Limited in the European Economic Area (“EEA”) and Wirex Pte Ltd in the Asia Pacific (“APAC”) (each separately referred to as “Wirex”):
Timescale
1. The Promotion will run from 00:01AM (BST) on 26 July 2021 until 23:59 (BST) on 1 August 2021 (the “Promotion Period”).
Eligibility
2. This Promotion is open to verified users of the Wirex Service only (as defined by the applicable Wirex terms & conditions: Wirex | Making currencies equal and available to everyone) resident in the EEA and APAC regions (“Eligible Participants”). For the avoidance of doubt, no other users of the Wirex Service are eligible for this Promotion.
3. The Promotion applies to Eligible Participants who complete a SUSHI or COMP cryptocurrency purchase with a minimum exchange value of EUR 50 (in the EEA) and USD 50 (in APAC) via debit or credit card in the Wirex App during the Promotion Period (“Qualifying Transaction”).
4. Any Eligible Participants who complete a Qualifying Transaction prior to or after the Promotion Period will not be eligible for the Reward.
5. Qualifying Transactions are limited to one per customer during the Promotion Period.
Reward
6. The Reward will be paid to all Eligible Participants who complete a Qualifying Transaction within the Promotion Period (“Qualifying Participants”).
7. The Reward will be paid to Qualifying Participants’ accounts within 30 Working Days of the end of the Promotion Period. Once a Qualifying Participant has received the Reward, it can be converted to traditional fiat currency through the Wirex Service at the Participant’s discretion.
General
8. “EUR” means Euro.
9. “Reward” means the WXT equivalent of EUR 5 (in the EEA) and USD 5 (in APAC) which will be calculated by an exchange rate determined by Wirex from time to time at its absolute discretion. The Reward will be paid in WXT only. The Reward may be amended or cancelled by Wirex at any time.
10. “SUSHI” means the SushiSwap token cryptocurrency available through the Wirex App.
11. “COMP” means the Compound token cryptocurrency available through the Wirex App.
12. “USD” means United States Dollar.
13. “Working Days” means Monday to Friday, excluding weekends and any public holidays when the banks of England are closed for business.
14. “Wirex App” means the Wirex mobile application which allows you to buy, store, exchange and spend a wide variety of traditional and digital currencies.
15. “WXT” means the Wirex Token on the Wirex Service.
16. Subject to applicable law, Wirex will not under any circumstances be liable to compensate Wirex users, Eligible Participants, Qualifying Participants or other third parties for any losses or damages occurring as a result of their participation or engagement with this Promotion.
17. Wirex may, at its sole discretion, revise any of these Terms or terminate this Promotion at any time without prior notice to Wirex users, Eligible Participants, Qualifying Participants or other third parties.
18. This Promotion is launched by Wirex independently and there are no partnerships between Wirex and any merchant or other third parties relating to this Promotion.
19. The Terms of this Promotion are governed by the laws of England and the parties irrevocably agree that the courts of England shall have exclusive jurisdiction to hear, settle and/or determine any dispute, controversy or claim (including any non-contractual dispute, controversy or claim) arising out of or in connection with this Promotion.
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